Microsoft inks deal with HarperCollins to train AI models: report
NanoStockk/iStock via Getty Images
Microsoft (NASDAQ:MSFT) has reportedly inked a deal with News Corp's (NASDAQ:NWS) HarperCollins to train its artificial intelligence models with the publisher's nonfiction titles, according to Bloomberg.
Microsoft plans to use the information for a new model it has yet to announce, Bloomberg reported, citing a source familiar with the matter.
It marks the latest deal between big tech companies and publishers, as large language models require ever-growing quantities of high-quality data. News Corp publications have struck several major deals.
Microsoft-backed OpenAI reached a $250M agreement with News Corp's Wall Street Journal back in May. OpenAI has also signed deals with the Financial Times, Axel Springer and Dotdash Meredith (NASDAQ:IAC).
Early this year, Google (GOOG)(GOOGL) reached a $60M deal with Reddit (NYSE:RDDT), which allows the search giant to train its AI models with a plethora of subreddits.
These deals seem to symbolize a taming of the Wild West period of the AI revolution, following a series of lawsuits and complaints by publishers over AI models scraping data without providing proper compensation.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Most Discussed
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10